0 Sec Larway & Lagrange Frankfort, IL 60423
This exceptional 27.31-acre commercial land parcel presents a compelling investment opportunity in Frankfort, Illinois. Ideally situated at the signalized corner of Route 45 and Laraway Road, this property offers unparalleled access to major transportation arteries, including easy east access to Interstates 80 and 57. The site is zoned for light industrial development, making it suitable for a variety of uses. Benefit from the low Will County tax rates and the planned expansion of Laraway Road to four lanes, enhancing accessibility and visibility. The property also allows for outside storage, though trucking operations are not permitted. This prime location combines excellent infrastructure with significant development potential. The property is being offered for sale, with pricing subject to negotiation. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly growing area with excellent transportation links and low taxes. Don't miss this chance to secure a strategic location for your next project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.